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Wipro posts Q1 net up 4% to Rs 2,188 crore

On Thursday, the third largest software services firm, Wipro has reported 4% rise in the net profit at Rs 2,187.7 crore for the June quarter.

The company had reported a net profit of Rs 2,103.2 crore in the previous fiscal, it said that it expects the coming quarters to be better than the April-June, 2015 period.

Wipro CEO and Member of Board T K Kurien said, “Over all while we are seeing a stable demand environment, large deals are competitive and there is pressure on pricing in new deals. There is significant churn around the nature of technology consumption across the run and change side of the business”.

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